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2014 China Design Schools League Report

As well as recognizing the best student automotive design talent, Car Design Awards China also acknowledges the school whose students have had the most success in the competition. For the first time in the competition's five-year history, an award for Most Successful School was given, with the China Central Academy of Fine Art taking the inaugural win. The new category recognizes the institution that has entered the most prize winners and finalists into this year's competition, celebrating its excellence at nurturing the talent that is the life blood of the automotive industry.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

Chevy to auction first Z06 for Karmanos Cancer Institute

Chevrolet is continuing its tradition of donating its first production model of a new vehicle to be auctioned for charity: The first production 2015 Chevrolet Corvette Z06 will be sold at the Barrett-Jackson Palm Beach, Fla. event on April 12. Proceeds will go to the Karmanos Cancer Institute, extending the General’s long-standing support for the organization.